Russia's ruble in free fall

MOSCOW — Russia's ruble resumed its free fall Tuesday as oil prices — the country's main source of revenue — continued to slide and an extraordinary move by the Russian Central Bank failed to halt the currency's steady fall.

"The situation is critical," Central Bank Deputy Chairman Sergei Shvetsov said, as Russia faced its worst financial crisis since a debt default in 1998. "Even in our worst dreams we could not have imagined a year ago that something like this was possible."

Russia's Prime Minister Dmitry Medvedev called a meeting with his top economic advisers while President Vladimir Putin's spokesperson Dmitry Peskov told news agencies the "turbulence" was caused by "emotions and speculative sentiment."

The Russian government's next step is uncertain. One possibility is to impose currency controls that limit exchanges of rubles for dollars and other hard currencies.Some Russian banks started halting currency exchanges on their own Tuesday.

In another sign of the currency's turmoil, Apple announced that it was halting online sales in Russia because of the ruble's volatility.

Russia sucks. Everything Putin has done is a mirage. Put a lot of eggs into oil and it's going to fuck him in the ass. Our wimpy sanctions have nothing to do with the ruble. If oil stays around 60 for an extended period of time that country will be a mess. Stupid fucker flexed his muscles and showed his cards.....now he is fucked. Couldn't have happened to a bigger piece of shit.

Russia sucks. Everything Putin has done is a mirage. Put a lot of eggs into oil and it's going to fuck him in the ass. Our wimpy sanctions have nothing to do with the ruble. If oil stays around 60 for an extended period of time that country will be a mess. Stupid fucker flexed his muscles and showed his cards.....now he is fucked. Couldn't have happened to a bigger piece of shit.

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Don't count out military action... And don't assume that we don't have our own Putin in charge that puts up a facade and has retarded followers willig to believe anything that comes from his mouth

Russia sucks. Everything Putin has done is a mirage. Put a lot of eggs into oil and it's going to fuck him in the ass. Our wimpy sanctions have nothing to do with the ruble. If oil stays around 60 for an extended period of time that country will be a mess. Stupid fucker flexed his muscles and showed his cards.....now he is fucked. Couldn't have happened to a bigger piece of shit.

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This.

The big winners here are the Saudis, who pretend to care about helping is by pumping and pumping to undermine Putin, while their real goal is to stop fracking and oil sands exploration.

The Jewskis (globalist bankers) wanted to Jew Ukraine and Russia said "Fuck you". So the US Jews got the Saudis to cut oil prices (the saudis have buttloads of cash). TROUBLE IN THE WORLD? Look for the Jew influence. Jew means "globalist banker". You know all the gold Ukraine had was looted ASAP? Guess where it went.

The Jewskis (globalist bankers) wanted to Jew Ukraine and Russia said "Fuck you". So the US Jews got the Saudis to cut oil prices (the saudis have buttloads of cash). TROUBLE IN THE WORLD? Look for the Jew influence. Jew means "globalist banker". You know all the gold Ukraine had was looted ASAP? Guess where it went.

Russians (the people) will not put up with this bullshit for long, not like the Soviet citizens did. The world is different.

Russia is ran by oligarchs, Putin is a modern czar and he controlled who got what parts of the (fmr) state owned businesses.
Putin's 'boyars' must stay in line or else he trumps up corruption charges (READ:they are all corrupt)

I would not be shocked if they had a real socialist revolution within the next 3 years (just like 100 years ago!)
This time it won't be totalitarian communist. The world would not support.

Middle East is on fire, Islam is in tatters, China is flexing her muscle for the first time in 300 years, the times they are a changin.